The president of the Federal Bank Deposit Insurance (FDIC) in the U.S.,Sheila Bair,is stepping down on July 8, the federal agency reported today in a statement."The Chairman Sheila Bair has announced her intention to leave the agency when her term ends,"said the note. The FDIC said the next council meeting will be held "during the first week of July."It was also explained that"This will be the last meeting of the Chairman Sheila Bair at... [read news]

Dunkin' Brands Group Inc., the parent company of Dunkin' Donuts and Baskin-Robbins, mentioned they have filed a registration statement for a proposed initial public offering of $400 million of its common stock. "The offering is being made through an underwriting group led by J.P. Morgan Securities LLC, Barclays Capital Inc. and Morgan Stanley & Co. Incorporated. BofA Merrill Lynch and Goldman, Sachs & Co. are also acting as joint book-running... [read news]

The Cuban President, Fidel Castro criticizes US for shooting unarmed al-Qaida leader in front of his family and predicts a backlash. Castro further blames the US of executing Bin Laden, violating Pakistan rules and desecrating Muslim burial tradition in an "abhorrent" operation. After killing the leader in front of his family, he was buried at sea a fact which will most likely multiply "hatred and revenge" against the US rather than make... [read news]